News service and business centre for materials handlingHOME

China's container output to stop

Thursday, 12 Jan 2006 ( #242 ) - BEIJING, China
News Story
World-leading container producers have announced a two-month halt to container production in China to ease output surplus, says the China Container Industry Association (CCIA).

The Xinhua News Agency reported CCIA said the decision had been passed by most of China’s container producers at a national conference in Shanghai.

Factories agreeing to the two-month hiatus include the world’s largest container producer, China International Marine Container Group Co Ltd, Singapore’s second largest, Singamas Container Holding Ltd, and Denmark-based Maersk Container Industri AS.

The move is reported to start before China’s Spring Festival on January 28.
CCIA said several production programs in China also would be postponed to control output.

China will produce 4.5 million TEUs this year while global demand from China is only 2.4 million TEUs.

CCIA forecasts the gap between production and demand in China’s container industry will enlarge in future, with annual output to reach 5.8 million TEUs in 2007.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.